ECONOMIC SURVEY 2020-21: SKILL DEVELOPMENT

Jan. 30, 2021

The Economic Survey 2020-21 states that only 2.4 per cent of the workforce of age 15-59 years have received formal vocational / technical training and another 8.9 per cent of the workforce received training through informal sources.

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Out of the 8.9 per cent workforce who received non-formal training, the largest chunk is contributed by on-the-job training (3.3 per cent), followed by self-learning (2.5 per cent) and hereditary sources (2.1 per cent) and other sources (1 per cent).
Among those who received formal training, the most opted training course is IT-ITeS among both males and females.
The Unified Skill Regulator- National Council for Vocational Education and Training (NCVET) was operationalized recently.
Pradhan Mantri Kaushal Vikas Yojana 3.0 was rolled out in 2020-21 with a tentative target to skill 8 lakh candidates including migrants.

Source : PIB